This is one way you can maneuver through the salary cap as long as you are patient and have a little flexibility. The news came out March 8 that the Cardinals would be releasing Daryn Colledge a couple of days from then and designating him a June 1 release. Teams are allowed a couple of the pre-June 1 “June 1″ cuts every year if they so choose. What it means is that the team can release a player immediately but still spread the “dead money” cap hit over the next two years. The catch is that the team has to carry the player’s entire 2014 salary cap charge — or at least, what it was going to be — until actually June 1, before the benefit kicks in.
In Colledge’s case, the Cardinals were carrying his 2014 cap charge of $7.275 million all the way through June. (Since June 1 was Sunday, the “June 1″ cut didn’t become official until today.) With the arrival of June, Colledge now costs the Cardinals only $2.275 million on the cap this year, and will cost another $2.275M of dead money in 2015. That means just by time passage the Cardinals pick up another $5 million of cap space today (which Jason at overthecap.com covers nicely here.)
The NFLPA website listed the Cards at around $4.5 million of salary cap room going into the weekend, so the Cardinals should be around $9.5 million of cap space now. They still have to sign No. 1 draft pick Deone Bucannon, but there is a decent amount of wiggle room to make whatever moves necessary — including, you’d figure, the addition of a veteran inside linebacker in light of the Daryl Washington suspension.
Tags: Daryl Washington, Daryn Colledge, Deone Bucannon, salary cap
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